UPDATE 1-WeWork bond drops, spread hits a record on report of delayed share tender
WeWork’s junk bond price dropped and its
risk premium shot to a record high on Thursday following a
report that its main backer had yet to deliver on a plan to buy
$3 billion of stock from existing shareholders.
risk premium shot to a record high on Thursday following a
report that its main backer had yet to deliver on a plan to buy
$3 billion of stock from existing shareholders.
Posted by Reuters
